Summit1
Level 5

Dependent received a 1099-Q for a 2023 Distribution. Since they are still a Dependent, I assume this 1099-Q is reported on the parent's return. Is this correct? This Dependent is at least a half-time student living at home when not in classes and is 20 years old.

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Skylane
Level 11
Level 11

Yes

If at first you don’t succeed…..find a workaround
Summit1
Level 5

Thank you very much!

Arnold

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Bsch4477
Level 4
Level 4

If used for qualified education expenses it doesn’t have to be reported at all. 

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